Proquility Private Wealth Partners LLC Decreases Stake in The Williams Companies, Inc. (NYSE:WMB)

Proquility Private Wealth Partners LLC decreased its holdings in The Williams Companies, Inc. (NYSE:WMB) by 0.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 82,808 shares of the pipeline company’s stock after selling 517 shares during the period. Williams Companies makes up about 1.4% of Proquility Private Wealth Partners LLC’s investment portfolio, making the stock its 23rd largest position. Proquility Private Wealth Partners LLC’s holdings in Williams Companies were worth $4,482,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Legacy Investment Solutions LLC acquired a new position in shares of Williams Companies during the 3rd quarter valued at $30,000. Rosenberg Matthew Hamilton raised its position in Williams Companies by 50.4% in the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 252 shares during the period. Quarry LP acquired a new position in shares of Williams Companies during the second quarter worth about $35,000. FSA Wealth Management LLC acquired a new stake in shares of Williams Companies in the third quarter valued at about $38,000. Finally, Fortitude Family Office LLC raised its holdings in shares of Williams Companies by 120.8% during the 3rd quarter. Fortitude Family Office LLC now owns 996 shares of the pipeline company’s stock valued at $45,000 after buying an additional 545 shares during the period. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on WMB shares. Royal Bank of Canada upped their price target on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Bank of America began coverage on shares of Williams Companies in a report on Thursday, October 17th. They set a “buy” rating and a $55.00 price target for the company. Truist Financial boosted their price objective on shares of Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a report on Tuesday, December 3rd. Mizuho raised their target price on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Finally, CIBC boosted their price target on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $53.00.

Williams Companies Stock Performance

Shares of WMB stock opened at $60.62 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67. The business has a 50 day moving average of $56.18 and a two-hundred day moving average of $49.92. The company has a market cap of $73.90 billion, a P/E ratio of 25.58, a PEG ratio of 5.30 and a beta of 1.06. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $60.91.

Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.01. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the company earned $0.45 earnings per share. As a group, analysts anticipate that The Williams Companies, Inc. will post 1.92 EPS for the current year.

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were given a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 3.13%. The ex-dividend date was Friday, December 13th. Williams Companies’s dividend payout ratio (DPR) is 80.17%.

Insider Buying and Selling at Williams Companies

In related news, CAO Mary A. Hausman sold 7,951 shares of Williams Companies stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $56.30, for a total transaction of $447,641.30. Following the sale, the chief accounting officer now directly owns 25,858 shares in the company, valued at $1,455,805.40. The trade was a 23.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.44% of the stock is owned by company insiders.

Williams Companies Profile

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.